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Category Archives: Tilman Fertitta
Case Bets: Binion’s redux; Dr. Doom; Everybody goes to Caesars
Today’s top story is the rumor, first aired on LasVegasAdvisor.com that Binion’s Gambling Hall & Hotel will close in July, lock, stock and million-dollar display. This dovetails with an earlier report that a detailed makeover is in the works. So … Continue reading
Posted in Architecture, Atlantic City, California, Dan Gilbert, Derek Stevens, Dining, Downtown, Economy, Harrah's, Illinois, Indiana, Internet gambling, Marketing, Massachusetts, Ohio, Oscar Goodman, Palms, Penn National, Pennsylvania, Problem gambling, Racinos, Slot routes, Taxes, Technology, Terry Caudill, The Strip, Tilman Fertitta, Tribal
3 Comments
Boyd tightens belt; Detroit defies Ohio threat; Tilman makes a boo-boo
It’s time to pay the piper for Boyd Gaming‘s $1.5 billion takeover of Peninsula Gaming and Boyd employees are the first ones feeling the pinch. Three vice presidents — including 13-year Boyd veteran Dan Stark — and roughly 250 employees … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Economy, Iowa, Louisiana, MGM Mirage, Ohio, Penn National, Pinnacle Entertainment, Regulation, Revel, Tilman Fertitta, Tribal, Warner Gaming
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Pinnacle makes pricey Atlantic City exit; Fertitta’s Downtown mess
A Wall Street Journal story from yesterday evening reports that Pinnacle Entertainment has found a buyer for its 19 acres of Boardwalk land. These were cobbled together at huge cost — $270 million or $14 million an acre — by … Continue reading
Blackout at the Plaza
S&G has learned — and LVA staffers have confirmed — that all main-stage shows at Tamares Group‘s flagship Plaza Hotel have gone dark until further notice. A promotional appearance by Best Little Whorehouse in Texas cast members at South Point, … Continue reading
Coming, going, gone …
This just in … One weekend of performances of Peepshow was all that Mrs. Ice-T managed to do before fleeing back to New York City, at least temporarily, according to an S&G source. So if you’ve got Peepshow tickets this … Continue reading
Posted in Current, Downtown, Economy, Entertainment, Harrah's, Marketing, Sheldon Adelson, Tamares Group, The Strip, Tilman Fertitta, Tourism
7 Comments
Wynn comes to Philadelphia … again; Atlantic City: About as expected
Now we know why Steve Wynn was careful to mend fences with Philadelphia Mayor Michael Nutter (below) in 2010 when negotiations to take over the doomed Foxwoods Casino Philadelphia project abruptly feel apart and Wynn skipped town. He’s back with … Continue reading
Posted in Atlantic City, Baseball, Colony Capital, Cordish Co., Current, Donald Trump, Economy, Harrah's, Maryland, Neil Bluhm, Penn National, Pennsylvania, Politics, Regulation, Revel, Steve Wynn, Tilman Fertitta, Tribal, Tropicana Entertainment, Wall Street
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Wake up with Loveman; More election aftermath
No sooner were Wall Street analysts uttering serious concerns about a slow post-Sandy recovery for Atlantic City than who should pop up on CBS This Morning but Caesars Entertainment CEO Gary Loveman, doing damage control … It’s hard to decide … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Dan Gilbert, Donald Trump, Economy, Environment, Harrah's, Internet gambling, Kentucky, Massachusetts, Pennsylvania, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Transportation, TV, Wall Street
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Atlantic City open for business
Actually, a few hardy souls — like fearless restaurateur Montgomery Dahm, who was semper fidelis to his fellow citizens — never closed. Add Tun Tavern to your list of must-see stops when you visit Atlantic City. Ditto Ducktown Tavern & … Continue reading
Hurricane Sandy: “It’s going to take years to recover”; ‘Unsafe sex’ at Sands
A natural disaster on the East Coast is fast becoming an industry-wide problem, its effects felt as far afield as Iowa, I kid you not. In light of the total havoc Hurricane Sandy has wrought upon travel, particularly by air, … Continue reading
Nevada disappoints but Atlantic City bombs
If there’s a saving grace to August’s rather glum Nevada gambling win (-3%), it’s that the month ended on a Friday, so there may be some as-yet-unreported slot revenue that will fluff the September results. (That optimism must be offset, … Continue reading
Hail, Bill’s!; Trump slump; Back in the fold
In a typically ludicrous Gary Loveman brainstorm, Bill’s Gamblin’ Hall & Saloon is to become — wait for it — Caesars Drai’s. (Yeah, ‘WTF?’ and all that.) Although you’d have to be either masochistic or insane to loan money to … Continue reading
Posted in Alex Yemenidjian, Architecture, Current, Detroit, Donald Trump, Florida, Harrah's, Illinois, International, Marketing, Maryland, Massachusetts, MGM Mirage, Ohio, Pennsylvania, Station Casinos, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Wall Street
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USA Today: The winners (Downtown edition)
Since S&G readers can’t view my big Las Vegas guides (unless you’re sitting at a computer in a Hilton-branded property at this very moment), I thought I’d share with you who made the cut. And the Downtown elect are … … Continue reading
Atlantic City: Revenues up, Seminoles out, Mohegans in
Stick a fork in the Dennis Gomes legacy at Resorts Atlantic City. Son Aaron Gomes is not only leaving but going halfway around the globe, to team up with former Borgata exec Larry Mullin and reboot Jupiters Gold Coast Casino, … Continue reading
Tilman Fertitta, Indian giver; Meet Charles S. Weinberg
When he took over the Golden Nugget and its Laughlin sibling, Landry’s Restaurants CEO Tilman Fertitta quickly developed a reputation among employees as a skinflint and micromanager. Whether or not the micromanagement has gone by the boards as Fertitta’s Nugget-branded … Continue reading
Posted in Atlantic City, Cretins, Current, Donald Trump, Regulation, Steve Wynn, Technology, The Mob, Tilman Fertitta
3 Comments
Atlantic City: Revel debuts disappointingly, Mohegan Sun moves in
OK, let’s take a deep breath and remind ourselves that one swallow doesn’t make a spring and one month doesn’t determine history’s verdict on a casino, but there’s only a single word for $2.4 billion Revel‘s first full month of … Continue reading
Loveman heir abdicates; VLTs hit Ohio tomorrow; Wayne’s World II
Shares of Caesars Entertainment sank today on the news that CFO Jonathan Halkyard has quit, taking an equivalent position at NV Energy. Although the latter’s financial outlook is far rosier, with scant long-term debt, its revenue base ($611 million last … Continue reading
Posted in Atlantic City, Boyd Gaming, Dan Gilbert, Economy, Harrah's, history, Iowa, Louisiana, Massachusetts, MGM Mirage, Mississippi, Ohio, Penn National, Pinnacle Entertainment, Politics, Racinos, Tilman Fertitta, Tourism, Tribal, Wall Street, Wayne F. Newton
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Revel: Can’t drive 55?; Another setback in Massachusetts
Revel, the new, $2.4 billion casino on the Boardwalk has been conducting a sort of “stealth opening,” conducting a two-month-plus dry run. Along with the stealth opening come what you might call “stealth revenues”: $13 million-plus in its first full … Continue reading
Polished Nugget, burnished Wynn
In what might be called The Era of Deferred Maintenance, Landry’s Restaurants CEO Tilman Fertitta still believes in spending money to make money. That’s why he poured $150 million into the former Trump Marina and, consequently, the Golden Nugget Atlantic … Continue reading
Trump Plaza reprieved; Stirrings at Sahara
Good news for Trump Plaza: It’s off the “death watch,” having dramatically reversed its fortunes last year. Although revenues continue to decline, gross operating profit swung from a $2 million loss in 2010 to a nearly $3 million gain last … Continue reading